Chapter 5: Medium-Term Outlook - Deregulation Drives Growth
- Indian economy is in the middle of a change that represents an unprecedented economic challenge and opportunity. Geo-Economic Fragmentation (GEF) is replacing globalization leading to imminent economic realignments and readjustments.
- To realize the vision of Viksit Bharat by 2047 India will need to achieve a growth rate of around 8 per cent at constant prices, on average, for about a decade or two.
- The Medium-term growth outlook for India must consider the new global realities - GEF, China's manufacturing prowess, and dependency of efforts for energy transition on China.
- India to focus on systematic deregulation to reinvigorate the domestic levers of growth and ....
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